Bearish. First target 365. if that breaks with good volumes, will test 335
JET HAS FALLEN DOWN SHARPLY. AND NEAR SUPPORT LINE...... NIFTY ALSO DOWN FROM 8700 TO 8100.... IS IT GOOD TIME TO DO BOTTOM FISHING ? WELL RISK IS ALWAYS THERE IN ANY TRADE . TECHNICAL INDICATORS ARE NOT IN FAVOUR OF BUYING AT THE MOMENT. HOWEVER SOMETIMES TAKING CONTRARIAN VIEW HELP GET QUICK AND BETTER RETUNS . OF COURSE IT HAS INHERENT RISK AS WELL. SO...
Jet airways after a long traingle break is consolidating...the advance from the lows of 201 seem to be in a expanding diagonal structure...We have hit the bottom of the trendline is it holds well and reverses...tgt can be minimum 795...Trade well...
JET IS BREAKOUT OUT FROM CHANNEL ( 530-550) BUY if hourly close is above 555 STOPLOSS 540 TARGET 575 , 595 RGDS Sandeep
WELL I WENT FOR JET LONG AT 555 AND HAD TO STOPOUT AT 530 .... AGAIN NOW WHEN I AM LOOKING AT CHART RATE IS 450........ NOT SURE IF ONE CAN DARE TO GO LONG OR NOT.... DUE TO MILITARY ATTACK IT HAS GIVEN SUCH A SOLID DOWNWARD BREAKOUT.......
JET AIRWAYS IS MAKING MULTIPLE BOTTOMS IN RANGE OF 520-530 AND BOUNCING BACK. I EXPECT IT TO BREAK OUT OUT OF DESCENDING TRIANGLE. WORD OF CAUTION : NIFTY IS TRADING AROUND 8970 IN FUTURES SO WE CAN HAVE CORRECTION . SO I WOULD GO LONG IN JET AIRWAYS AND HEDGE IT BY SELLING NIFTY CALLS OR FUTURES
NSE:JETAIRWAYS Jetairways sold at 550.30 (target 1) 544.85 (target 2) 538.20.
Highly favourable trade. Found support 2nd time at 200DMA and inside bar indicates trend reversal for the stock. Falling crude prices also bolsters the view. It is a text book example of triangle formation and should breakout on the upside.
As seen on last trading day that the price action broke the downtrend diagonal move with high volume on charts, today we are observing confirmation at the previous breakout levels, which will eventually push buying and move prices up. Target 1: 570 Target 2: 582 SL. 557
Now Jet Airways has shown positive movement to upside by confirming higher lows with bullish divergence. Next resistance is at 600 levels where is our first target.
As shared before, that the jetairways has broken a contracting triangle on the monthly chart and now it has corrected 78.6% of the previous uptrend move, which makes it a great buy for now. As per elliott waves, 5 impulse waves are completed and we will now look forward for a 3 wave correction to 615 levels.
I observed that the it has broken out from a triangle on a monthly chart and took a support at 475 levels. It is a great time to go long on this one. Two good points to note: 1. Breakout out on Monthly chart with Increasing volume 2. 100% FDI in Aviation Go long